Grey markets and the potential for product liability claims

The growing possibilities of globalisation and the internet mean that a consumer in the UK can source products from suppliers around the world, often saving a lot of money in the process - but potentially making it near impossible to make a product liability claim if something should go wrong with that product.

Known as the 'grey market', this way of purchasing items occupies a space somewhere between the legal market, with its restrictions and protections, and the black market.

The heavy industry magazine HUB details this worry with respect to bearings. As machines can rely entirely on these to keep their moving parts running smoothly, a substandard part can lead to potentially serious industrial accidents, and potentially a product liability compensation claim against the manufacturer of the machine, if they have knowingly used parts without the guarantees of a legally-bought item.

Part of the worry is due to the difficulty of differentiating between those products that are on the grey market as a result of legitimate manufacturers getting rid of overstocked products, those that are forgeries, those that have been rejected on quality grounds, and those that have been stored in such a way as to damage them.

With this in mind, the apparent cost savings rapidly disappear in the face of necessary doubts and the potential for a faulty product injury claim.

Making a product liability claim
If you have been injured as a result of a faulty product, you may be able to make a compensation claim to cover any medical costs, lost earnings, and damages that you have suffered.

YouClaim's expert advisors will be able to help you decide if you are eligible, and will be able to connect you with the right personal injury solicitor to handle your compensation claim. We work only with legal firms whose work is assured by the Solicitors Regulation Authority, and who work on a no win, no fee basis; further to this, we guarantee that we will ask for no payment in a product liability case whether you win or lose.

To begin your product liability claim with YouClaim could not be easier. Simply contact us through the internet (using our e-chat window or claim form), or call us direct on 0800 10 757 95 today.